#BankNifty Trading Strategy for 16th Dec'2020
Today took around 3 to 4 hours to get the trade plan ready, was a bit tricky.
Decision Line:- 30,615
Range :- 30,880 to 30,464
Range breakout will give 500 point up-move or 786 points down move.
Upper Targets: 30,850 / 31,020 / 31,092 / 31,243 / 31,450
Lower Targets: 30, 448 / 30,354 / 30,202 / 30,027
A rising wedge is not a good sign, still have some time left for the structure to get completed.
Like the famous economist, John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Try to read the market in context to the larger picture:-
Today took around 3 to 4 hours to get the trade plan ready, was a bit tricky.
Decision Line:- 30,615
Range :- 30,880 to 30,464
Range breakout will give 500 point up-move or 786 points down move.
Upper Targets: 30,850 / 31,020 / 31,092 / 31,243 / 31,450
Lower Targets: 30, 448 / 30,354 / 30,202 / 30,027
A rising wedge is not a good sign, still have some time left for the structure to get completed.
Like the famous economist, John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Try to read the market in context to the larger picture:-
